RIM and NTP Settle Suit
Mar 3, 2006, 5:54 PM by (staff)
On Judge Spencer's advice, RIM and NTP have reached a settlement to end their patent infringement trial. RIM will pay NTP a total of $612.5 million to settle all claims and license NTP's technology for current and future uses. The agreement also clears any RIM partners which use Blackberry technology in their own branded products. RIM has paid NTP $450 million and will pay the balance in the fourth quarter. This agreement has effectively ended the case, saving RIM from any threat of an injunction and the need to shift to an alternative technology.
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Comments
This is good news?
Wait, I don't get why this is so good for RIM. USPTO is most likely going to invalidate the patents NTP owns. But now RIM has spent over $600 million on licensing them. Once the patents are invalidated, isn't that $600 million down the drain?
The only positive for RIM is that this buys them assurance there won't be any injunctions against their service, but is that really worth $600 million?
The only positive for RIM is that this buys them assurance there won't be any injunctions against their service, but is that really worth $600 million?
yes. Namely because it's dragged on long enough and the settlement will just stop the bleeding from lawsuits from NTP. the USPTO is notoriously long in is decisions and NTP is sure to submit appeals after appeals.
draveed said:...
Wait, I don't get why this is so good for RIM. USPTO is most likely going to invalidate the patents NTP owns. But now RIM has spent over $600 million on licensing them. Once the patents are invalidated, isn't t
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Its good because NTP does not have the right to ongoing royalties of RIM sales, which is what NTP really wanted. RIM knew that NTP had the patents and they released product anyway, hoping that the patents would get revoked. So consider the $600MM paym...
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regine44 said:
wow thats nothing for the settlement.
Uh, that's more than RIM initially was going to fork over. About $162.5 million or so more...
Since when is $612 million dollars not a lot of money? What plane...
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Yay?
now what will nextel18 have to talk about? 😉
I guess there's always the Q1 numbers coming up in a couple months.
I guess there's always the Q1 numbers coming up in a couple months.
djdelay said:
now what will nextel18 have to talk about? 😉
I guess there's always the Q1 numbers coming up in a couple months.
Yes. He's quite good at quoting number after number. But then aga...
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im mad!!!!!!!!!!!
what took RIM so long to give in????? they knew they were goin down so they decided to pay 🙄 .
now let's see what comes of this. i read a while back an article said that even if a settlement was reached shareholders would be ticked for RIM dragging it out so long. anyone see this happening?
now let's see what comes of this. i read a while back an article said that even if a settlement was reached shareholders would be ticked for RIM dragging it out so long. anyone see this happening?
What are you talking about? RIM has tried to settle before. And we all know this is a frivolous lawsuit since the USPTO office will decide against NTP. This is just saving RIM from any injunctions that may have arisen before the USPTO was done.
An announcement about the case that actually clarifies something! It's about time. It's sad RIM actually had to pay up, because I don't think NTP really had all of those patents....
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